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High Impact Performance Incentive

Cash grants for eligible new and expanding high-tech businesses that invest a significant amount of money and create a significant number of new jobs in Florida. Since the start of the program, the state has approved five grants to four businesses and, through June 2004, paid $17.8-million.
Applicant Approval Date County Award New Jobs Projected Capital Investment Projected Total Payments
Status
Agere Systems 9/17/98 Orange $8,500,000 200 $300,000,000 $4,250,000
Inactive
Agere Systems 8/18/99 Orange $6,500,000 100 $700,000,000 $3,250,000
Inactive
Boeing Company 7/24/98 Brevard $4,000,000 250 $250,000,000 $4,000,000
Complete
Lockheed Martin 7/25/00 Brevard $2,000,000 150 $680,000,000 $2,000,000
Complete
Pratt & Whitney 1/31/00 Palm Beach $8,750,000 1300 $101,899,000 $4,375,000
Active
Totals: --- --- $29,750,000 2,000 $2,031,899,000 $17,875,000
Source: Governor's Office of Tourism, Trade and Economic Development

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